Northern Lion Gold Corp.
TSX VENTURE : NL

Northern Lion Gold Corp.

August 24, 2005 13:50 ET

Northern Lion Completes Latest Phase of Drilling at the Haveri Gold Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 24, 2005) - Northern Lion Gold Corp. (the "Company") (TSX VENTURE:NL) has received fire assay results for the final diamond drill holes of its Spring drill program on its 100% owned Haveri Gold Project, in Finland.

These holes were part of a nine hole campaign of drilling (3213.60m) designed to further investigate the lateral and depth extent of high-grade gold mineralization (9.20m grading 27.20 gr Au/t in hole TS-06), occurring in areas of silicification and quartz veining within altered volcanic and volcaniclastic rocks, that was discovered by the Company earlier this year. (Please refer to news releases dated March 15, April 27 and June 1, 2005). The Breakthrough Zone, as presently known, is located immediately to the west (MW holes) and south (TS and SK holes) of the Haveri open pit, and the silicified, gold bearing areas within it have been observed at vertical depths ranging from 130m and 320m. The limits of this new zone have not yet been defined.

Significant intersections from these holes are reported in the following table:



Hole MW-11 (dip: -70 degrees; azm: 090 degrees; length: 461m)
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From (m) To (m) Interval (m) Grade (gr Au/t)
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24.50 27.00 2.50 5.60
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184.50 190.50 6.00 1.27 (VG)
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212.60 223.00 10.40 1.89
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350.50 353.20 2.70 7.27 (VG)
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403.50 410.50 7.00 4.23
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Including: 403.50 407.50 4.00 6.17
------------------------------------------------------------------



Hole MW-12 (dip: -65 degrees; azm: 110 degrees; length: 506m)
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From (m) To (m) Interval (m) Grade (gr Au/t)
------------------------------------------------------------------
189.00 199.00 10.00 1.92
------------------------------------------------------------------
202.00 209.50 7.50 1.48
------------------------------------------------------------------
225.00 226.00 1.00 10.17
------------------------------------------------------------------



Hole TS-09 (dip: -50 degrees; azm: 000 degrees; length: 431.90m)
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From (m) To (m) Interval (m) Grade (gr Au/t)
------------------------------------------------------------------
143.00 186.00 43.00 1.40
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Including: 143.00 146.00 3.00 3.00
------------------------------------------------------------------
and
------------------------------------------------------------------
Including: 178.50 186.00 7.50 4.70
------------------------------------------------------------------
Including: 184.50 186.00 1.50 21.76
------------------------------------------------------------------
232.00 233.50 1.50 7.04
------------------------------------------------------------------
304.50 310.50 6.00 3.02
------------------------------------------------------------------
355.50 411.50 56.00 1.03
------------------------------------------------------------------
Including: 399.80 411.50 11.70 2.72
------------------------------------------------------------------
Including: 408.00 411.50 3.50 6.80
------------------------------------------------------------------



Hole TS-10 (dip: -50 degrees; azm: 000 degrees; length: 172.10m)
------------------------------------------------------------------
From (m) To (m) Interval (m) Grade (gr Au/t)
------------------------------------------------------------------
118.00 120.50 2.50 1.51
------------------------------------------------------------------



Hole SK-07 (dip: -45 degrees; azm: 000 degrees; length: 317.90m)
------------------------------------------------------------------
From (m) To (m) Interval (m) Grade (gr Au/t)
------------------------------------------------------------------
245.00 277.60 32.60 1.22
------------------------------------------------------------------
Including: 245.00 252.00 7.00 2.28
------------------------------------------------------------------
and
------------------------------------------------------------------
Including: 271.60 277.60 6.00 2.93
------------------------------------------------------------------

Note: All intercepts are down-hole widths; true widths will be
determined upon completion of additional drill holes and updated
drill sections.


Commenting upon the Spring program, Company President, John Lando, noted its success in advancing the Company's understanding of the mineralizing characteristics at Haveri. In particular, the drilling identified a new siliceous gold zone (the " Breakthrough Zone") of a type of mineralization not previously encountered at Haveri.

Mr Lando stated, "Most importantly, the data collected from this program has allowed us to establish, for the first time, a model type (an "Intrusive Related Gold System") that supports the mineralizing environment present at Haveri. This model, and our greater understanding of the geochemical properties associated with Haveri, will direct our next round of exploration at Haveri."

The Haveri drill crew and other personnel are now on a planned summer break. The Company's technical team is conducting a comprehensive review of all data in preparation for the resumption of drilling in September.

Quality Control/Quality Assurance

All field activities in Finland, including diamond drilling, are supervised by Henrik Wik, M.Sc. (Geology and Mineralogy), under the direction of John R. Fraser, P.Geo. (BC), the Company's Vice President of exploration, a "Qualified Person" as defined by National Instrument 43-101. Core samples are analysed for gold by Activation Laboratories Ltd. of Ancaster, Ontario, using fire assay with a geochemical finish on a 30 gram sub-sample. For details of the Haveri Quality Control/Quality Assurance Program, please refer to the Company's news release dated May 26, 2004.

About Northern Lion

Northern Lion Gold Corp. is a Canadian mining company involved in the exploration and development of the Haveri Project, located 175km north of Helsinki, Finland. The project encompasses an area, 1.5km by 2.0km, of widespread gold and copper mineralization within altered mafic and felsic volcanic and volcaniclastic rocks of the Early Proterozoic Tampere Schist Belt. The Company is well funded to conduct the ongoing exploration of the property.

NORTHERN LION GOLD CORP.

John Lando, President.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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